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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: tonyt who wrote (7831)6/27/1998 5:21:00 PM
From: Dwight E. Karlsen  Read Replies (2) | Respond to of 164687
 
So tonyt, I wonder what the point of that paragraph from Barrons is. Because a long laundry list of high-tech blue-chip CEO's have already bailed from AMZN capped by Michael Dell recently, are we to take that as a sign of:

1) Those guys are stupid, because if they had waited, they could have got more money (woulda coulda shoulda senario).

2) Since those uninformed big guys are out of the stock and were wrong on their timing, then they must not know anything. We should be buying here at what could be a very cheap $94.

3) If Michael Dell, CEO of Dell Computers; Frank Fischer, CEO of Heartport; the Ford Foundation; George Aposporos, Amazon.com's vice president of business development; Cisco Systems' CEO John Chambers; Intuit chairman William Campbell; Comcast vice chairman Julian Brodsky; Kleiner Perkins partners Thomas Perkins and William Hearst III; Tivoli Systems chairman Franklin Moss; Intel chairman Andy Grove; TCI president Leo Hindrey; former Lotus Development exec Mitch Kapor; @Home CEO Thomas Jermoluk; Perot Systems chairman Morton Myerson, and former Genentech chief Kirk Raab all think AMZN stock is just a tad ahead of the underlying fundamentals, perhaps the more prudent path would be to attempt to understand the thinking behind the actions of the aforementioned august group.